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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Feb 11, 1887

Page

6

Money Market Quiet as Rates Hold Steady in Boston

Boston money market shows little change with general market papers 4% to 6% and best town loans at 3% to 3.5. Call loans secured by collateral run 4% to 4.5% while clearing house balances dip and New York funds trade near par to premium. Union Pacific earnings and taxes cited. Atchison and Chicago lines move on rights and extensions as market breadth widens with numerous bond and stock movements.

Boston New York Sterling Exchange Asinwall Land Brookline Land West End Land Boston Land Boylston Street Boston Water Power San Diego Atchison Atlantic & Pacific New York Stock Exchange Gulf, Colorado & Santa Fe Chicago Stron Aving Strong Chicago, Burlington & Quincy Chicago, Burlington & Northern Duluth Lake Pepin Grantsburg Superior Union Pacific Union Pacific Railway

Dividend Declarations From Wellfleet Marine and North Pennsylvania

The Wellfleet Marine Insurance Company in Wellfleet Massachusetts states a 10 percent dividend. The North Pennsylvania Railroad Company declares a 2 percent quarterly dividend.

Wellfleet Mass

Steady Close with Mixed Bond and Stock Movements

New York trading closed steady with small gains in several issues after a quiet session. Railroad bonds held firm near par as various trusts and utility issues posted modest advances, while overall market turnover reached about 382,602 shares with notable activity in New York and Boston listings.

New York

London Stock Markets Firm Amid Bullion Movement

London stock markets show firmness with American securities strong. Egyptian assets rise on rumors of a British protectorate. Bank of England bullion today at £47,000, reserves up to 50.07 percent. Paris and Vienna report quiet and firm conditions. German Imperial Bank notes a 10,360,000 mark rise in specie.

London United States Atlantic & Great Western Canadian Pacific Erie Illinois Centre St. Paul Common New York Central Pennsylvania Reading Bank of England Paris Bank of France Vienna Berlin Imperial Bank of Germany

New York Financial Markets End Slightly Steady After Uneven Trading

Money on call was easy at 3 to 4 percent with last loan at 3 ¾ and close near that. Government and railroad bonds remained quiet and steady. The stock market showed initial strength, then drifted lower led by Lake Shore and Jersey Central, but later recovered with gains erased by the final hour.

Boston Eastern Bell Telephone Erie New England Jamson West End Boston Land Aspinwall Brookline New York Sterling Exchange Lake Shore Jersey Central

Pacific Mail and Panama Railroad Reach Formal Settlement

The adjourned Pacific Mail Steamship Company and Panama Railroad Company conference approved a compromise on the Transcontinental pool dispute. Panama receives 1600000 in value adjustments, monthly payments drop from 70000 to 55000, and Pacific Mail can curtail service, saving about 50000 monthly. Remaining savings exceed 1600000 over seven years. Directors anticipate subsidy talks and potential rate increases soon.

Pacific Mail Pacific Mail Steamship Company Panama Railroad Company Houston Edward Lauterbach Messrs. Seligman, McCullough Ellis Decosta Panama

New Securities Listed By New York Stock Exchange

The governing committee of the New York Stock Exchange listed several new securities on Wednesday. Gulf, Colorado & Santa Fe road added first mortgage bonds totaling $600,000. Richmond & West Point Terminal Company issued $16,000,000 in additional common stock, bringing total outstanding to $40,000,000. St Paul Minneapolis & Manitoba road added consolidated mortgage bonds of $5,846,000. Oregon Railway and Navigation company issued $500,000 in additional consolidated mortgage bonds, totaling $4,655,000. St. Louis, Kansas & Southwestern railroad issued first mortgage bonds of $735,000. Tennessee Coal Lion and Railroad Company added consolidated first mortgage bonds for the Birmingham division at $4,000,000. Bonds require coupon No. 1, due July 1, 1887, or $30 cash. Minneapolis & Pacific.

Rutland Summit Branch Ny&ne K&w BA Seuss KC & So Am Bell Tel Toastman Cal & Hecla Osceola West End Land A.t&sf At & Pae B &N Cal S0 Eve Oenere Seereee Feree Boa Fitchburg Pacific UN Pacific Seco Central Town Serene Sule Wis Cent Lou Central Pac Ches Ohio Cal So Inc Alton Ivan Sp & M St. Ta Col del. & H del. & L M & St P R. G B&n Erie Centraline Erie Tel Enone Englel Fort Wayne Lamson SS Quincy Han St. Jo Boston Brookline Land Houst. & Tex Il Central San Diego Ld Bl.& W Bos Snes Lake Shore B&l Cambridge H B&q S&c Memphis & Ch Central L.S Minn Serene Miss Phil & Reading Ash Chatoon Bell Telephone Sionk Igi PASAN New England Os N. Y Eserves Aspinwall Land Boston Land San Diego Land Ieee Oregon Oregon Trans Panama T& SF Pittsburg Pe Eastern Railroad Vo Reading Mexican Central A . Do BERCO Ainiis Toch, & Pitts Rock Island New York St. L. GS. Fee Jae Union Pacific Gs Bet M.&m St. P& D S Fe St. Bas & O Se Atlantic Pac Acific Sre Boston & Albany Texas Pacific Boston & Maine Utica & B California Apery W Central of Mass Cleveland & G ‘Anton W. Union Illinois American Oil West Michigan Ehale San Cleveland Ee .S. Esa Poe Flint Pere Marg Tech Aia Airaeis Town Falls Oo Isis Old Colony Union Pacific Wisconsin Central Isis aLeve N. Pac Allouez Atlantic Brunswick Antimony Dae Rae O. Nav Boston & Montana GM Co Aiams Calumet & Hecla , A American Tamarack Sneer Savage Mono New York Stock Exchange Gulf, Colorado & Santa Fe Richmond & West Point Terminal Company St. Paul, Minneapolis & Manitoba Oregon Railway and Navigation Company Consolidated Maknow St. Louis, Kansas & Southwestern Railroad Tennessee Coal, Lion and Railroad Company Birmingham Ala Minneapolis & Pacific

Railway Bond Offerings and Total Listed Amount

Railway Company first mortgage bonds totaling 3 085 000. Southern Pacific Railroad Company of California first mortgage bonds 6 percent series E numbers 86000 to 37000 series F numbers 37000 to 40447 4 447 000 making total amount listed 88 447 000.

Rock Island Lines Plan Southern Kansas New Mexico Route

Chicago and Rock Island Railway has issued blocks of stock totaling 5 000 000 dollars to fund a new line through southern Kansas into New Mexico. The route would run near the Atchison Topeka and Santa Fe alignment, leveraging that railroad’s experience and avoiding the Glorita Mountains washouts that have troubled Santa Fe.

Rock Island Chicago & Rock Island Road Kansas New Mexico Atchison, Topeka & Santa Fe Railroad Atchison Glorita

A Faithful Officer Resigns as Conn and Passumpsie Treasurer

At a Wednesday directors meeting Nathanial P. Lovering resigned as treasurer of the Connecticut and Passumpsipie railroad. James H. Williams was elected to fill the vacancy effective March 1. The board unanimously recorded gratitude for Lovering’s thirty eight years of faithful service and praised his integrity and ability.

Connecticut & Passumpsie Nathanial P. Lovering James H. Williams Nathaniel P. Lovering Department

Nickel Plate earns $439,290 in latest quarter

Nickel Plate statement shows net earnings of $439,290 for the quarter ending December 1, up from $342,228 a year earlier. Lake Shore owned substantial Nickel Plate stock before the pool, facing a $2,653,000 assessment unless holdings are sold. Second mortgage bonds are tied to the Vanderbilts. Lake Shore owes $2,658,000 on first preferred stock and holds 70,250 preferred and 62,400 common shares.

New York Chicago & St. Louis Lake Shore Lowell & Andover Railroad Frederick Ayer George Ripley Frederick F. Ayer E. M. Sargent Jacob Nichols Arthur P. Bonney Benjamin Walker 0. H. Moulton Prescott C. Gates James T. Furber Philadelphia Northern Pacific Railroad Company St. Paul New York Central Road Lake Erie & Western Railway Company Peoria Bloomington Muncie Sandusky The Schuylkill Navigation Company Fraley Philadelphia & Reading Railroad Company Corbin Wall Street Lake Shore Company Nickel Plate Vanderbilts St. Joseph & Grand Island Denver Grafton Grafton Centre Road Upton Milford Lippedale

Directors Chosen At Lowell & Andover Railroad Meeting

At the annual meeting of the Lowell and Andover railroad the following directors were chosen for the ensuing year: Frederick Ayer George Ripley Frederick F. Ayer E. M. Sargent Jacob Nichols Arthur P. Bonney Benjamin Walker 0 H Moulton Prescott C. Gates and James T. Furber.

Trade card list of buyers and firms across cities

A dense roster of names and firms in various cities including Baltimore Chicago Cincinnati New York Louisville Nashville Philadelphia St Louis and more. The fragment reads as a directory of sales agents or buyers with associated firms and locales.

Binghamton Scheles & Rubel Decatur Downing Ads Easton Penn C Nightingale Moon & Co Fort Worth Tex If Lewis Lewis Bros & Co Hopkinsville A G Bush Dabney & Bush Ad. Kearney Kleinhans & Simonson Mt Vernon Hull Craw Mansfeld H Keiser New York I Rand C Fisher N Fisher & Co Thomas E Greasen Nashville Tenn Quincy Watson Watson & Coburn Richmond M May Jacob May & Son Savannah 8 Buck Buck Bros Par St Louis Jacob Frank Adler, Frank & Co G W Brown Brown, Desnoyers & Co J H Shaffer Shaffer, Swarts & Co Syracuse C Deming Towanda J F Corser Uniontown Ala H Long Long & White Utica Jd N Cloyes

Uniforms Adopted for City Special Delivery Messengers

The city post office will issue blue uniforms with brass buttons and gold stripes for the special delivery messenger boys starting next month. Caps will display U S 8 D initials. Leopold Morse & Co. will supply the outfits, and the boys voted unanimously in favor.

City Post Office Messrs Leopold Morse & Co Dale Price Post Office Telegraph Mutual District Service

Horsford's Acid Phosphate Touted for Digestive Disorders

Dr. E. V. Wright of Saratoga Springs New York says he has used Horsford's Acid Phosphate for years and that its phosphates’ combination proves highly valuable in treating digestive disorders.

Horsford E. V. Wright Saratoga Springs N. Y

Market Report Shows Mixed Commodity Activity Across Items

Wool and corn are quiet while cheese shows strength and potatoes remain in good demand. Flour oats and several grains are steady or unchanged with firm provisions and fair truck demand noted.

Final 1886 Cotton Crop Report Details Seasonal Dates and Prices

The cotton crop report for 1886 notes average picking closure dates by state, with minor regional shifts. It cites about 5,650,000 bales marketed by Feb 1 and an estimated crop near 6.64 million bales, slightly above November yield forecasts. Quality is high, seed price low, and prices paid mainly to planters are modest.

Carolinas Texas Mississippi Georgia Louisiana Tennessee Arkansas North Carolina South Carolina Florida Alabama RSME TOXAS Arkans Louisana

Wool Market Shows Dull Trade Amid Tariff Debate

The wool market is dull with smaller sales and steady prices as buyers are scarce. The Attorney General's stance on wool tops as manufactures affects imports, while London and American markets report mixed activity and ongoing pressure on tariffs.

Treasury Department London America Victoria New South Wales South Australia Queensland New Zealand Cape of Good Hope Natal Ohio Pennsylvania Michigan Texas California New York Tops

Market Reports Feb 10 Flour and Grain

The flour market is unchanged and trading at concessions due to the wheat decline. Corn and oats are quiet with little business. steamer yellow corn brings 51/4c. Open bids show No 2 white oats around 38 to 39 cents and a 39 cent settling price. Inspections total 46 cars including assorted wheats and grains. Grain on passage references Beerbohm’s London cablegram of Feb 9, 1887.

Beerbohm London

Wool market buoyed by firmer tone amid limited supply

In Cincinnati demand for pulled wool rises as longer staples fetch modest gains while combing wool remains scarce. The market shows light country offerings and producers resist lower prices. Chicago notes tight supply and steady to higher values for pulled wools with reports of large recent sales across fleece and delaine categories.

Pennsylvania Tbs Colorado Western Oregon Missouri Cincinnati Chicago Montana Wisconsin Michigan Texas California Bbc Montevideo Providence James W .Saft GA Wheelock Martin Jefferson TE Hopkins James Eddy Wheelock T T Chase Felton Mr Barrows Burlington Woollen Mills H Margraves Great Falls Ohio Kentucky Canada Delaine Wyoming Aiacios Kansas Nebraska Cibot Cis Sisunis Michi Panass Oregon Medium Valley Australian New Zealand

Also Mentioned on This Page

yootRe Fen FF LDBOV Oregon Transcontinental Oregon Railway and Navigation Oregon Railway and Navigation Lease Bign York & the Cincinnati, Sandusky & Cleveland Indiana Bloomington & Western Company Little Rock & Fort Smith New York & New England New York Desnatay New New England Danbury & Norwalk Housatonic New Haven & Derby Port {Hester Pennsylvania Railroad Cambridge Massachusetts Kidder, Peabody & Co Devonshire St Boston, Mass Nassau St Baring Brothers & Co Europe Basset, Whitney & CO Devonshire Street Irving A, Evans & CO Stock Exchange Building State Street Banking Stock Exchange City OF Portsmouth Blake Brothers & Co H. D. Kyle Broad New Streets New York City Northern Trust Chesapeake St. Louis, & Ohio North Jacksonville & Chicago News & Western Indiana Kentucky Central Nissouri Pacific Conera Pacific Lackawanna Ouston & Texas & Western Wabash General Decatur & Evansville Evansville N. W Boston Stock Exchange Col Soine IVA Fic T&sf California Southern SGC Ee Nas Ae U Pac A & Pine Leo Pemortz B& N Giotalers Somata SO Oa Ny&n He Og & Lcine Az Eastern Bond Scrip Am Ball Tal Sol Woo Soree Itaa Boylston St Ld Mawar A. T&s Albany Sinhach Ae Sree Savina Ae Cwseevee Do Com Cal Spr & Cin Fts TE &Scy Wit Wilson W. Fay & Co McKay Elec Lord Acoustic Gray's Dynamo Foreign Financial Markets NEW York Financial Railroad Matters Root and Shoe Buyers Oseneeer Salem United Kingdom Oeenee Bush Portland Newport News Baltimore New Orleans
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